Allspring Global Investments Holdings LLC Decreases Stock Holdings in Great Southern Bancorp, Inc. (NASDAQ:GSBC)

Allspring Global Investments Holdings LLC lessened its holdings in Great Southern Bancorp, Inc. (NASDAQ:GSBC) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 147,464 shares of the financial services provider’s stock after selling 3,278 shares during the period. Allspring Global Investments Holdings LLC owned about 1.26% of Great Southern Bancorp worth $8,200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Great Southern Bancorp by 11.5% in the first quarter. Vanguard Group Inc. now owns 564,032 shares of the financial services provider’s stock valued at $30,920,000 after purchasing an additional 58,041 shares during the period. Comerica Bank purchased a new stake in shares of Great Southern Bancorp during the 1st quarter valued at about $173,000. SG Americas Securities LLC acquired a new position in Great Southern Bancorp during the 2nd quarter worth approximately $159,000. Janney Montgomery Scott LLC boosted its holdings in Great Southern Bancorp by 43.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,452 shares of the financial services provider’s stock worth $502,000 after acquiring an additional 2,541 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Great Southern Bancorp by 79.2% in the 1st quarter. BNP Paribas Financial Markets now owns 4,531 shares of the financial services provider’s stock worth $248,000 after acquiring an additional 2,002 shares during the period. Institutional investors and hedge funds own 41.66% of the company’s stock.

Great Southern Bancorp Stock Down 0.3 %

Shares of NASDAQ GSBC opened at $59.56 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.94 and a current ratio of 0.94. Great Southern Bancorp, Inc. has a 1 year low of $45.66 and a 1 year high of $65.90. The stock’s 50-day simple moving average is $57.83 and its 200-day simple moving average is $54.09. The firm has a market cap of $694.35 million, a price-to-earnings ratio of 11.70 and a beta of 0.64.

Great Southern Bancorp (NASDAQ:GSBC) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.25. The company had revenue of $90.76 million for the quarter, compared to the consensus estimate of $53.75 million. Great Southern Bancorp had a return on equity of 10.68% and a net margin of 17.42%. During the same period in the previous year, the business earned $1.52 EPS. As a group, equities analysts anticipate that Great Southern Bancorp, Inc. will post 5.09 earnings per share for the current fiscal year.

Great Southern Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Investors of record on Monday, July 1st were issued a $0.40 dividend. The ex-dividend date was Monday, July 1st. This represents a $1.60 annualized dividend and a yield of 2.69%. Great Southern Bancorp’s dividend payout ratio is presently 31.43%.

Insider Buying and Selling at Great Southern Bancorp

In other news, Director William V. Turner sold 6,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $63.19, for a total value of $379,140.00. Following the completion of the sale, the director now owns 214,532 shares of the company’s stock, valued at approximately $13,556,277.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Earl A. Steinert, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $63.21, for a total transaction of $316,050.00. Following the sale, the director now directly owns 939,596 shares of the company’s stock, valued at approximately $59,391,863.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William V. Turner sold 6,000 shares of Great Southern Bancorp stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $63.19, for a total transaction of $379,140.00. Following the completion of the transaction, the director now directly owns 214,532 shares of the company’s stock, valued at approximately $13,556,277.08. The disclosure for this sale can be found here. Insiders have sold 15,670 shares of company stock worth $958,706 in the last ninety days. 27.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their target price on shares of Great Southern Bancorp from $53.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th.

Great Southern Bancorp Company Profile

Great Southern Bancorp, Inc operates as a bank holding company for Great Southern Bank that provides a range of financial services in the United States. Its deposit products include regular savings accounts, checking accounts, money market accounts, fixed interest rate certificates with varying maturities, certificates of deposit, brokered certificates, and individual retirement accounts.